Arrowstreet Capital Limited Partnership Buys New Shares in The RealReal, Inc. (NASDAQ:REAL)

Arrowstreet Capital Limited Partnership bought a new stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,519 shares of the company's stock, valued at approximately $1,678,000. Arrowstreet Capital Limited Partnership owned 0.14% of RealReal as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new position in RealReal during the fourth quarter valued at $49,000. Harvest Fund Management Co. Ltd purchased a new position in shares of RealReal during the 4th quarter valued at $94,000. Jag Capital Management LLC bought a new position in shares of RealReal during the 4th quarter worth $126,000. Olympiad Research LP purchased a new stake in RealReal in the 4th quarter worth about $136,000. Finally, Y Intercept Hong Kong Ltd bought a new position in RealReal during the fourth quarter worth about $153,000. Hedge funds and other institutional investors own 64.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on REAL. UBS Group dropped their price target on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the stock an "outperform" rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $8.33.

RealReal Stock Performance

NASDAQ REAL traded up $0.09 on Wednesday, hitting $5.18. The stock had a trading volume of 192,033 shares, compared to its average volume of 2,666,326. The firm has a 50-day moving average of $6.21 and a 200-day moving average of $6.38. The company has a market capitalization of $575.70 million, a price-to-earnings ratio of -4.02 and a beta of 2.90. The RealReal, Inc. has a 52-week low of $2.24 and a 52-week high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to the consensus estimate of $162.69 million. As a group, research analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the sale, the chief accounting officer now owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Luke Thomas Friang sold 18,503 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,283 shares of company stock worth $1,782,153. Insiders own 9.78% of the company's stock.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.